For much of the industrialized world, pollution from manufacturing has been falling despite increased output. In this paper, we provide the first estimates of the extent to which environmental regulations have contributed to this “clean-up” of manufacturing by causing: (i) the adoption of...

Our study is the first to test if mandatory pollution disclosure programs, exemplified by the Toxics Release Inventory (TRI) program, reduce worker exposure to toxic chemicals. Plants report learning about source reduction activities that can reduce both emissions and worker exposure when they...

There is ample evidence that exposure to various chemicals can increase the probability of children to be born with low or very low birth weight. Infants born with very low birth weight have a higher risk of suffering from neurosensory problems, issues related to behavioural and social...

Umbrella branding is a marketing practice whereby multi-product firms leverage their reputation across different product categories. This paper investigates how advertising in the market of over-the-counter (OTC) drugs affects the decision to buy prescription drugs from a promoted brand name. I...

This paper shows that, when the price of emission allowances is sufficiently high, emission trading schemes improve the emission efficiency of highly polluting firms. The efficiency gain comes from a relative decrease in emissions rather than a relative increase in operating revenue. Part of the...

We use data on 11,233 firms across 22 emerging markets to analyze how credit constraints and low-quality firm management inhibit corporate investment in green technologies. For identification we exploit quasi-exogenous variation in local credit conditions and in exposure to weather shocks. Our...

This paper adds to the scarce empirical evidence related to the impact of climate change on the manufacturing sector. To study the effect of temperature on energy use and CO2 emissions daily temperature information from 11.000 German municipalities are combined with the census of the...

Firm ownership is a major determinant for the economic performance of firms, and emissions of pollutants are often by-products of industrial production. We investigate the impact of ownership on pollutant emissions of firms and their in- dustrial facilities in Europe jointly with their output,...

Understanding companies' preferences for various domestic policy instruments is crucial to designing and planning Sectoral Market Mechanism (SMM) in China. Based on a detailed overview of domestic policy instruments under SMM, this paper evaluates corporate preferences for diverse domestic...